By Sarah Lizee
Olympia, Wash., March 20 – Morgan Stanley Finance LLC priced $22.36 million of 0% step-down trigger autocallable notes due March 18, 2025 linked to the lowest performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will be called at par of $10 plus a call return of 13.3% if each index closes at or above its initial level on any quarterly observation date after one year or at or above its 75% downside threshold on the final valuation date.
If the notes are not called, the payout at maturity will be par plus the return with full exposure to any losses of the worse performing index.
UBS Financial Services Inc. and Morgan Stanley & Co. LLC are the agents.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Step-down trigger autocallable notes
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| Underlying indexes: | Russell 2000 index and Euro Stoxx 50 index
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| Amount: | $22.36 million
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| Maturity: | March 18, 2025
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus return with full exposure to any losses of the worse performing index
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| Call: | At par plus a call return of 13.3% per year if each index closes at or above its initial level on any quarterly observation date after one year or at or above its downside threshold on the final valuation date
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| Initial levels: | 1,210.135 for Russell, 2,586.02 for Stoxx
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| Downside thresholds: | 907.601 for Russell, 1,939.52 for Stoxx; 75% of initial levels
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| Pricing date: | March 13
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| Settlement date: | March 18
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| Agents: | UBS Financial Services Inc. and Morgan Stanley & Co. LLC
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| Fees: | 1%
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| Cusip: | 61770G823
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